Construction Set To Begin On New Affordable Housing In Muskoka

Bracebridge, ON - The Government of Canada, the Province of Ontario and the District Municipality of Muskoka today announced $9.6 million to fund a construction-ready project.

The funding was made available as a result of a $1.2-billion joint investment under the amended Canada-Ontario Affordable Housing Program Agreement, which includes funding through Canada's Economic Action Plan and by the Government of Ontario. The federal and provincial governments are contributing equally to this overall investment.

Today's announcement recognized the successful application by the District Municipality of Muskoka to add 80 units of affordable housing for low-income seniors.

The Honourable Tony Clement, Minister of Industry and Member of Parliament for Parry Sound-Muskoka, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development Canada and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC); and the Honourable Monique Smith, Minister of Tourism and Member of Provincial Parliament for Nipissing, on behalf of the Honourable Jim Watson, Ontario Minister of Municipal Affairs and Housing; along with Gord Adams, District Municipality of Muskoka Chair, made the announcement today.

Ontario is moving quickly to implement this new funding, which increases the number of quick start projects to 35 totalling $66.1 million and which will improve access to affordable housing for low-income families, seniors and persons with disabilities. It will also create jobs and strengthen local economies. To find out more about affordable housing in Ontario, visit www.mah.gov.on.ca.

Last fall, the Government of Canada committed more than $1.9 billion over the next five years to improve and build new affordable housing and to help the homeless. Canada's Economic Action Plan builds on this with an additional one-time investment of more than $2 billion over two years in new and existing social housing and lending of up to another $2 billion to municipalities for housing-related infrastructure.

To find out more about how the Government of Canada and CMHC are working to build stronger homes and communities for all Canadians, call CMHC at 1-800-668-2642 or visit www.cmhc.ca/housingactionplan. For more information on Canada's Economic Action Plan, call 1-800-O Canada or visit www.actionplan.gc.ca.

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